US blacklists Putin’s fund manager and luxury yacht brokerage for Russian elite

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In the latest sanctions, the United States imposed on Thursday (June 2). The “money manager” of Russian President Vladimir Putin, a Monegasque company that supplies luxury yachts. The move was seen as a step forward to pressure Russia over invading Ukraine.

In a statement, the White House, quoted by the news agency, revealed that “the United States, alongside more than 30 partners around the world, has imposed unprecedented sanctions and exports”.

“…to hold President Putin accountable for his war on Ukraine, to restrict Russia’s access to the critical technology it needs to fund its war machine,” the statement added.

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US President Joe Biden, in his State of the Union address in March, said the United States would work to seize the yachts, luxury apartments and private jets of wealthy Russians linked to Putin.

The Biden administration also added Sergei Roldugin, who is a cellist and conductor already under European Union sanctions, for his alleged ties to Putin.


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Post expires at 8:24pm on Sunday June 12th, 2022

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